Jobs
More on Jobs
Earlier this month, the United States’ credit rating was downgraded by one of the three major credit rating agencies. This troubling announcement is an indication of the serious challenges Americans continue to face as our country’s economy is in crisis, in part because of the misguided policies put forward by the Biden administration.
Air travel in the United States is on the rise in 2023. According to a survey by Forbes Advisor, 49 percent of Americans plan to travel more in 2023 than they did in 2022. However, we have seen a number of challenges accompany this increase in demand, particularly during the summer travel season.
The significance of the agriculture industry to Nebraska’s Third District cannot be overstated. As the nation’s leading congressional district in market value of agriculture products sold, our farmers and ranchers are the backbone of our state’s economy. Ensuring federal agriculture policy reflects the needs of Nebraska’s outstanding producers places the Farm Bill among my top legislative priorities.
Businesses across our economy – both small businesses supporting communities across Nebraska and manufacturers making and selling products at home and abroad – thrive under a broad-based tax code that rewards hard work and American innovation. The 2017 Tax Cuts and Jobs Act (TCJA) helped raise wages, drive economic growth, and reduce the tax burden on Americans, while also increasing revenue. In fact, every major federal tax cut since the 1980s has led to increased federal revenue in the ensuing years.
Washington, D.C. – Rep. Adrian Smith (R-NE) released the following statement on the Fiscal Responsibility Act:
As many Americans plan Memorial Day weekend gatherings with friends and family, marking the kickoff of the summer travel season, House Republicans have been hard at work this week delivering on our Commitment to America for an economy that’s strong.
This week the Supreme Court heard arguments on Biden v. Nebraska and U.S. Department of Education v. Brown, two challenges to the Biden administration’s student debt cancellation proposal. The administration’s debt cancellation scam is just one example of a pattern of irresponsible economic policies that have resulted in ongoing inflation, exacerbated workforce woes, and increased financial hardship hitting American households. In our Commitment to America agenda, House Republicans made a promise to deliver a government that is accountable to taxpayers.
A recent report from the Congressional Budget Office (CBO) projected our nation will add nearly $19 trillion to the national debt over the next 10 years. CBO projects the debt will equal 118 percent of gross domestic product 2033. With the national debt already in excess of $31 trillion, inflation hammering American families, and economic uncertainty threatening American small businesses, it’s clearer than ever we must put a stop to runaway spending in Washington.
This week, we officially gaveled in the 118th Congress. With Kevin McCarthy as Speaker of the House, I know House Republicans will deliver on our Commitment to America to restore a government that’s accountable, a nation that’s safe, an economy that’s strong, and a future that’s free.
A month from now, we will welcome a new year and a new Congress with a new majority. For the 118th Congress House Republicans have put forward our Commitment to America agenda. In the new Republican Majority, we will work to rein in reckless government spending, strengthen and make permanent the tax relief included in the Tax Cuts and Jobs Act (TCJA), maximize take-home pay for all Americans, and build an economy that’s strong.